Global Green Data Center Market to Reach $237.1 Billion by 2028 at a CAGR of 21.81%

Strategic Insights -

The global green data center market size reached $72.6 billion in 2022. Looking forward, the market is expected to reach $237.1 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 21.81% during 2022-2028. The market is primarily driven by the growing requirement for energy-efficient computing systems, increasing digitization across industries, and rising environmental consciousness. Green data centers are designed with on-site wind and solar farms, utilize wastewater for cooling purposes, and incorporate low-emission building materials, paints, carpets, waste recycling systems, and sustainable landscaping. Manufacturers are also utilizing alternative technologies, such as evaporative cooling, heat pumps, photovoltaic cells, and catalytic converters, for producing energy-efficient systems.

Key Takeaways:

  • The global green data center market size is expected to reach $237.1 billion by 2028, growing at a CAGR of 21.81% during 2022-2028.
  • The market is primarily driven by the growing requirement for energy-efficient computing systems, increasing digitization across industries, and rising environmental consciousness.
  • Companies mentioned in the report include Cisco Technology Inc., Dell EMC Inc., Eaton Corporation, Ericsson Inc., Fujitsu Limited (Furukawa Group), HCL Technologies Limited, Hitachi Ltd., HP Inc., Huawei Technologies Co. Ltd., IBM, Microsoft Corporation, Schneider Electric SE, Siemens AG, and Vertiv Co.
  • The global green data center market is categorized based on component, data center type, and industry vertical.
  • The market is expected to be driven by the growth in information technology (IT) infrastructure, product innovations, and significant growth in the global economy.
  • Green data centers are typically designed with on-site wind and solar farms, utilize wastewater for cooling purposes, and incorporate low-emission building materials, paints, carpets, waste recycling systems, and sustainable landscaping.

Statistics:

  • Global green data center market size: $72.6 billion (2022)
  • Expected market size: $237.1 billion (2028)
  • Growth rate: 21.81% (CAGR) during 2022-2028
  • Companies mentioned: 17
  • Market categorization: component, data center type, and industry vertical
  • Key drivers: energy-efficient computing systems, increasing digitization, and environmental consciousness

Sources:

  • M2 PressWIRE (May 16, 2023)
  • ResearchAndMarkets.com ("Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028")